Finance

The mighty McDonald’s, which seemed to have ridden out the recession as rivals Burger King and Pizza Hut struggled, has a nasty case of indigestion, posting its first monthly sales decline in nine years. First one to fall on her ...

The reinvention of Grey as a creative advertising agency, as opposed to an account handling operation that occasionally produced something approximating to ads, has been nigh-on miraculous and one of the WPP-owned network’s biggest stars is Tor Myhren (pictured), president ...

My spies tell me that the snippets of ads we’ve had so far from Wieden+Kennedy London for Tesco are the tip of the iceberg; a big proper ad is on its way. Five weeks in production apparently. So far we’ve ...

Harris Diamond – who’s he? The new chairman and chief executive of McCann Worldgroup, replacing Nick Brien as of last night – that’s who. Brien’s position has long since looked untenable – to all, that is, except senior Interpublic management. ...

Who, you may say? While it’s no surprise that Nick Brien has been turfed as CEO of McCann after a string of account losses, it is a surprise that he’s been replaced by Harris Diamond (left), a PR man from ...

Long-term relationships break up for the silliest of reasons – continued failure to put the top back on the toothpaste etc – and the row over pay between Sir Martin Sorrell (left) and his shareholders at WPP may turn out ...

BBC director-general George Entwistle has resigned following a staggeringly poor showing on the BBC’s own Today programme yesterday morning and former Pepsico marketing boss Tim Davie (pictured) has taken over as interim director general. Davie must regard this as a ...

Digital agency SapientNitro has bought Second Story, one of the many cutting-edge creative companies in Portland, home to Wieden+Kennedy among others. Second Story specialises in combining digital fireworks with physical environments including installations in stores, showrooms and exhibitions. Donald Chesnut, ...

Does ‘clever media’ communications planning agency Naked have a future? The jury must be out as the British-born company that expanded around the world by offering clients a new spin on their media strategies has been sidelined by the new ...